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Valiant Electronics has current liabilities of $500,000, a quick ratio of 0.85, an inventory turnover of 6.2, and a current ratio of 2.1. What is the cost of goods sold for the company?

Valiant Electronics has current liabilities of $500,000, a quick ratio of 0.85, an inventory turnover of 6.2, and a current ratio of 2.1. What is the cost of goods sold for the company?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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What is the cost of goods sold for the company on these accounting question?

Valiant Electronics has current liabilities of $500,000, a quick ratio of 0.85, an inventory turnover of 6.2, and a current ratio of 2.1. What is the cost of goods sold for the company?
Transcribed Image Text:Valiant Electronics has current liabilities of $500,000, a quick ratio of 0.85, an inventory turnover of 6.2, and a current ratio of 2.1. What is the cost of goods sold for the company?
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